(SEATTLE, WASHINGTON) – Striking Workers at Boeing have received a new industry-leading contract proposal from the company, which has been unanimously endorsed by the Member-led International Association of Machinists and Aerospace Workers (IAM) Negotiation Committee.

More than 33,000 IAM Members at Boeing locations in Washington State, Oregon and California have been on Strike since September 13th. 

If ratified by a majority vote of the Membership, the new proposal would yield a 43.65% wage increase for the Workers currently on Strike above their current wages, when compounded over the lifetime of the contract.

The general wage increases total 38% before compounding, and are slated to be implemented over four years at 13%, 9%, 9% and 7%.

The deal also includes significant gains in retirement funding, job security and bonuses. 

IAM District 751 President Jon Holden and IAM District W24 President Brandon Bryant issued the following joint statement: “The resolve and solidarity of IAM Members at Boeing has spurred a new offer from the company that if ratified will enable Workers to quickly make up significant ground financially while setting a new standard for the industry on wages and other key protections - including key wins on job security, safety, health care costs, retirement, bonus pay and more.”

IAM Union International President Brian Bryant released the following statement: “Nearly every Worker in America knows what it’s like for a company to take too much and give too little.  In securing this agreement, IAM Union Members have won an opportunity to ratify a contract that would set a new standard for their industry.  A contract like this would send an inspiring message to all Workers in the United States who are seeking to join Unions or who have been shortchanged by their employer.  That said, we will continue to stand by the Membership no matter the outcome of Monday’s (November 4th) democratic vote on these newly improved terms.  We also remain very thankful to Acting U.S. Labor Secretary Julie Su, who on behalf of the Biden-Harris Administration has continued to help bring the employer and the Members together for productive talks to reach this historic agreement.”

To Continue Reading This Labor News Story, Go To: Striking Boeing workers to vote Monday on new proposal that would deliver 43.65% compounded wage increase, significant retirement security gains - IAMAW (goiam.org)